What is Arrow Electronics Inc 's ROA in the fourth quarter of 2023?
Arrow Electronics Inc achieved a return on average assets (ROA) of
4.37 % in its fourth quarter of 2023, this is above ARW's average return on assets of 3.96%.
Arrow Electronics Inc s assets during the 12 months ending in the fourth quarter of 2023 are valued at $20 billion
ROA decreased relative to the period ending Sep 30 2023, due to the decline in net income.
However, within the
Consumer Discretionary sector 61 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to
1007, from total ROA ranking in the third quarter of 2023 at
1149.
What is ROA?